Sport gambling history shows it has become on of the most popular forms of gambling in the modern-day since it went online. Gambling on sports events is now hugely popular.
Sport Gambling History
Since the late 1950’s, one of the most popular types of sport gambling was entering the football pools. The object was to predict eight draws in top flight football and achieve 24 points. If you won the top prize it was a life changing win. Littlewoods, Vernons and Zetters were the major companies involved. You could enter by post or have a local agent collect your entry. The outlay was very small and many people started entering the football pools when the results were first televised. It was a hugely popular socially acceptable from of gambling.
UK Betting Shop History began during May 1961 after the Betting and Gaming Act allowed bookmakers to operate from shops.
The Story of UK Betting Shop History
After the Betting and Gaming Act 1961 was introduced it allowed betting shops to open for business. Prior to that official gambling could only take place in the field at the numerous dog and race tracks around the UK. Of course illegal gambling was rife but it was hoped the new Act would allow better controls.
That was the trigger for starting of a big new lucrative business. Betting shops were soon opening up in every conceivable location and after the first six months there were 10,000 open for business. It became the fastest growing industry in the UK at the time.
Yesterday it was announced that the proposed Ladbrokes Coral Merger would proceed following the combined sale of betting shops to meet regulatory requirements.
Ladbrokes Coral Merger Approved by CMA
The proposed merger has finally been approved by the Competition and Markets Authority (CMA).
The merger had been almost approved by the CMA subject to Ladbrokes and Gala Coral have agreeing to sell 359 betting shops to rival bookmakers to meet the regulators requirements. This week Coral and Coral said they would sell 322 shops to Betfred for £55m in cash and a further 37 to Stan James for £500,000. After the merger, Coral will sell 174 shops and Ladbrokes will sell 185.
For the past few weeks there have been talks of a merger between William Hill and Amaya, a Canadian online gambling company. There has been a lot of speculation about the possible outcome of these talks.
Officially these William Hill Amaya talks have now been terminated.
A statement issued by the William Hill’s board of Directors said, “Various exploratory due diligence and other workstreams were underway but far from complete. After canvassing views from a number of William Hill’s major shareholders, the Board has decided that it will not pursue discussions with Amaya.” The statement followed discussion with major shareholders.